KBC Group NV (OTCMKTS:KBCSY - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as $50.00 and last traded at $49.86, with a volume of 17837 shares changing hands. The stock had previously closed at $49.19.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating on shares of KBC Group in a report on Wednesday, April 23rd. Barclays raised shares of KBC Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 17th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of KBC Group in a research report on Friday, March 7th.
Get Our Latest Stock Analysis on KBCSY
KBC Group Stock Performance
The stock's 50-day moving average is $45.74 and its 200 day moving average is $41.46. The stock has a market capitalization of $41.63 billion, a PE ratio of 11.08, a P/E/G ratio of 1.75 and a beta of 0.78.
KBC Group (OTCMKTS:KBCSY - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.03. KBC Group had a net margin of 13.32% and a return on equity of 14.40%. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $3.03 billion. Analysts expect that KBC Group NV will post 4.28 earnings per share for the current year.
KBC Group Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, May 8th will be given a dividend of $1.1873 per share. This is an increase from KBC Group's previous dividend of $0.33. This represents a yield of 3.77%. The ex-dividend date is Wednesday, May 7th. KBC Group's dividend payout ratio (DPR) is presently 51.43%.
About KBC Group
(
Get Free Report)
KBC Group NV, together with its subsidiaries, provides integrated bank-insurance services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients. The company offers demand deposits and savings accounts; home and mortgage loans; consumer finance and SME funding services; credit, investment fund and asset management, and life and non-life insurance; and cash management, payments, trade finance, lease, money market, capital market products, and stockbroking services.
Further Reading
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